JPY Trading Outlook Archive

EUR/AUD was the big mover yesterday, taking out short-term support at 1.4270 and then breaking below recent lows at 1.4180 (see chart). The failure to close below will be slightly worrying for the bears but selling rallies looks like the play here for a move… Read more

AUD/NZD triggered stop-loss sell orders below 1.1300 last evening but solid bids were reported near 1.1280 and the cross recovered immediately. AUD/JPY has broken and closed above previous resistance at 93.40 and the next target is at recent trend highs near 94.40. EUR/AUD is stuck… Read more

The Chinese data and the risk-aversion associated with the US debt-talks have caused the AUD to lose some of last week’s bullish momentum on the crosses. AUD/JPY fell by almost 100 pips off Friday’s highs and AUD/NZD has surprisingly lost momentum after a few very… Read more

CROSSES: The AUD made some strong gains on the crosses particularly against the JPY and the NZD. We should remember that AUD/JPY has a potential basing pattern in place and despite the sideways movement of recent weeks, the trend is most likely still bullish. AUD/NZD… Read more

CROSSES: GBP/AUD fell heavily again, breaking below previous lows near 1.6870 but failing to test more support directly below there (see chart). This looks to be one pair in which there were big positions established and they are being unwound. AUD/NZD still looks solidly bullish… Read more

CROSSES: GBP/AUD was particularly volatile (compared to the rest of the market), dropping from 1.7050 to 1.6950 before recovering these losses plus a bit more (see chart). I think we are seeing the market looking to non-USD pairs for some volatility and hence these moves…. Read more

CROSSES: EUR/AUD offered us a ‘no-brainer’ risk-reward entry level on Friday near recent chart highs (see chart) but is now back at mid-range levels and much more difficult to pick. GBP/AUD dropped even more sharply but will run into decent support levels near 1.6900. AUD/NZD… Read more

CROSSES: AUD/NZD finally had a very strong bounce after lows near 1.1200 held yet again. Local banks reported a variety of names suddenly appearing to buy this pair yesterday suggesting that there is a lot of underlying demand near these levels. AUD/JPY is in consolidation… Read more

CROSSES: EUR/AUD has broken back above the neckline at 1.4460 and this formation is no longer relevant. Range trading is preferred here but we need some patience before settling on what the important short-term levels are. GBP/AUD has accelerated higher and the next target is… Read more

CROSSES: EUR/AUD has again failed at the neckline of the double-top formation, which comes in near 1.4450/60 (see chart). I favour selling into this resistance with fairly tight stops above 1.4490. AUD/JPY is consolidating below 93.00 and a deeper test towards very strong technical support… Read more